The Courier-Mail has revealed the Presbyterian Church-run Not For Profit won’t be required to repay the money if it sells its five remaining homes in Queensland.
The Department of Health confirmed to the News Corp paper last week that PresCare is entitled to keep the funding if there is a sale or transfer of the homes.
As we reported here, the Presbyterian Church of Queensland (PCQ) has appointed McGrathNicol to advise PresCare on the sale of some of its non-core businesses and the possible sale and transfer of its aged care homes after years of million-dollar losses.
While PCQ has not committed to any sales of the homes, it has listed two luxury beachside apartments on the Sunshine Coast used by staff, as well as three church campsites, according to the paper.
A key church official has also admitted the church may be unable to fund residential care into the future.
In a memo to church members in April, PCQ Commission of Assembly moderator Reverend Philip Strong said: “While as a church we remain committed to caring for aged and vulnerable members of our community, providing residential care is extremely resource intensive.”
“The operations of PresCare have required substantial funding from the church and a recent review reveals further funding will be required that is beyond the resources of the PCQ,” he added.
Established in 1929, PresCare – which is also being sued for $2.36 million by former CEO Greg Skelton –also has three co-located retirement villages plus home care services, allied health and respite across Queensland.